GEP - Generative AI and Advanced Machine Learning to Offer Transformative Processes and Benefits
As organisations established their processes, networks, and systems, the whole ecosystem was everything but. A transformation was needed to address the issue of siloed systems, and AI tools such as Microsoft Azure OpenAI was introduced to integrate the process into a seamless network, increasing its efficiency and enable the company to make better data-driven decisions.
With an expertise in advanced Operations, Procurement and Product Development approaches, Lalith Rajan, Vice President at GEP Worldwide, leads GEP’s consultancy practice in APAC, where he has led digitalisation programs in procurement and supply chain functions. In this exclusive interview with ProcureCon Asia 2023, he shares about the use of artificial intelligence, machine learning, and cognitive computing to solve issues based on a specific, context driven topic such as third-party risk management, and more!
Lalith also explores,
- Improved spend analytics and intelligence and intelligent category management to drive ahead of competitors – data and transparency all powered and evaluated by AI!
- Expanding your market reach – how something as simple as esourcing can help suppliers become qualified and more competitive in the market.
- The ups and downs of AI – Is your AI really helping you, or are you getting unintentionally skewed results from the data source?
- Protocols in AI automation is more crucial than ever when touching on different regions with different regulations around the world.
AI transformation in procurement can be a huge gamechanger, but have you considered the cautionary steps you need to take to employ a responsible AI action? Will too much reliance on AI generative features create an unreliable plan, and should it only be used as a basis for better data-based decision making?